The Zhitong Finance App learned that copper stocks fluctuated higher. As of press release, China Nonferrous Mining (01258) rose 4.07% to HK$15.6; Minmetals Resources (01208) rose 3.48% to HK$8.615; Luoyang Molybdenum (03993) rose 2.76% to HK$15.29; and Jiangxi Copper (00358) rose 2.26% to HK$32.56.

According to the news, Deutsche Bank warned that global copper stocks that can be freely circulated have fallen to an all-time low. The US continues to hoard inventory, is reducing the spot supply available in other markets, and may push the copper market into a “historic competition.” Daniel Ghali (Daniel Ghali), head of metals research at Deutsche Bank, said on Monday that the current copper market is facing “the worst copper shortage on record.” Under the bank's extreme scenario, copper prices could rise to $22050 per tonne by the second quarter of 2027, up about 50% from current levels.

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